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Hong Kong regulators have capped referral fees for insurance brokers at 50% of commissions for long-term profit-sharing life policies, as it tries to curb unlicensed selling and hidden commission rebates that have long troubled the market.
Tougher capital rules are forcing Indian life insurers to rethink their pricing and sales strategies, according to a senior bancassurance executive.
PT Zurich Asuransi Indonesia, Tbk is accelerating claim settlements to cushion rising climate losses and strengthen customer trust.